Featured News
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AICPA & CIMA recognized as U.S. Apprenticeship Ambassador
The Department of Labor has recognized the AICPA & CIMA, which form the Association of International Certified Professional Accountants, as an apprenticeship ambassador.
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PCAOB amendment addresses registration of inactive firms
The PCAOB adopted a rule amendment that enables the board to address situations where a registered firm doesn't file annual reports or pay annual fees for two consecutive reporting years.
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IRS cuts tax interest rates for Q1 of 2025
For the first time since 2020, the IRS will lower the interest rates for tax overpayments and underpayments in the first quarter of 2025.
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FASB proposes greater clarity in interim reporting
The FASB is accepting public comments through March 31 on a proposed accounting standards update (ASU) aimed at clarifying interim reporting disclosures.
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PCAOB launches 'Audit Focus' series for small company auditors
The PCAOB’s new “Audit Focus” guidance series aims to support auditors by providing targeted insights on handling critical audit matters (CAMs).
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Report: 1M ERC claims could go unprocessed by year-end
Erin Collins of the Taxpayer Advocate Service said this week that the IRS could have about 1 million employee retention credit (ERC) claims remaining to process by the end of the year.
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AICPA to Congress: Delay needed in BOI reporting deadline
The AICPA recently called on Congress to delay the deadline for beneficial ownership information (BOI) reporting, citing concerns over the impact on small businesses.
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PCAOB urges audit firms to improve remediation process
The PCAOB has released a supplement to its 2013 staff guidance on the remediation process for audit firms.
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Helping clients navigate caretaking finances
CPA financial planners can help clients and their families prepare for the financial challenges of caregiving for a loved one.
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IRS financial report highlights 2024 achievements
The IRS released its fiscal year 2024 Financial Report this week, highlighting significant achievements and ongoing challenges.